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ReadSoft enters a German factory

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CIOL Bureau
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SWEDEN: ReadSoft Germany has reached an agreement with a significant German-headquartered company that manufactures automotive parts. ReadSoft will provide an invoice-processing solution in an agreement worth 1.1 MEUR including licenses, implementation, maintenance and support. This is one of the largest deals in ReadSoft’s history, as per the press release. The deal was signed in the third quarter of 2012.

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The company will use ReadSoft’s PROCESS DIRECTOR for Accounts Payable solution as well as the add-on to process EDI invoices - rolling out to their international operations where millions of invoices are processed every year. ReadSoft was the manufacturer’s preferred option to automate invoice processing due to its superior seamless integration into the SAP system. ReadSoft has extensive experience and competence within the automotive sector where a high percentage of EDI invoices are processed, it states.

"As the company aimed to standardize accounts payable operations in multiple countries, it recognized ReadSoft’s unparalleled track record of hundreds of global implementations within SAP environments and selected the leading solution provider to spearhead its invoice processing initiative. By automating its invoice processing seamlessly within SAP, the company looks forward to reduced invoice processing cycle times and improved visibility and control over invoices." as added.

“The fact this prominent company chose ReadSoft highlights our strength in helping the automotive sector improve their accounts payable operations. We have shown once again that we are the leading option for this industry,” says Per Akerberg, President and CEO of ReadSoft.